Multiple Choice
Ms. Sweettooth always consumes iced tea and sugar in fixed proportions: 8 ounces of iced tea to 3 teaspoons of sugar. This implies that for Ms. Sweettooth the marginal rate of substitution of iced tea for sugar is:
A) 0.375.
B) 2.67.
C) diminishing but between 8 and 3.
D) undefined.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q25: George has a weekly income (I) of
Q29: Joseph chooses a combination of apples and
Q32: John consumes pizza and pasta, both normal
Q33: If marginal utility is diminishing, the marginal
Q35: George has a weekly income (I) of
Q57: The utility of a good is determined
Q62: If two combinations of two goods yield
Q103: As an individual moves down his or
Q133: When an individual's consumption of an additional
Q159: When the price of Spam (an inferior